Henry Healy Ltd, one of Glasgow’s oldest family run sandwich bar chains, has ceased trading with the appointment of Scott McGregor and Ken Pattullo, of business rescue and restructuring specialist Begbies Traynor, as joint liquidators.
The six city centre sandwich bars – in Hope Street, Queen Street, Howard Street, Mitchell Street, Stockwell Street and Sauchiehall Street – have closed their doors for the last time with all 27 staff, one of whom had been with the business for 26 years, made redundant.
Managing director of the chain, which was established in 1913, is Henry ‘Harry’ Healy, 64, grandson of the founder. Other directors are Brian McDaid and Valerie Healy.
“It’s very sad to see the demise of such a long established family business but unfortunately it had suffered a downturn in the face of competition from national chains coupled with the impact of the recession,” said Mr McGregor, who is based in the Glasgow office of Begbies Traynor.
Ken joined the Glasgow office of Begbies Traynor in 2003, before overseeing the firm's expansion into further offices in Edinburgh, Dundee, Aberdeen and Belfast. He previously worked at KPMG, Ernst & Young and PricewaterhouseCoopers in Scotland. He has a broad range of experience in Corporate Rescue and Recovery, as well as in turnaround and restructuring, corporate and personal insolvency, investigations and IBRs.
Specialisms: Licensed trade, haulage, property investment/development, construction, agriculture engineering/manufacturing.